Answer: |p-72% |≤ 4%
Step-by-step explanation:
Let p be the population proportion.
The absolute inequality about p using an absolute value inequality.:
, where E = margin of error, 
= sample proportion
Given: A poll result of 72% with a margin of error of 4% indicates that p is most likely to be between 68% and 76% .
|p-72% |≤ 4%
⇒ 72% - 4% ≤ p ≤ 72% +4%
⇒ 68% ≤ p ≤ 76%.
i.e. p is most likely to be between 68% and 76% (.
Answer:
Step-by-step explanation:
Let x be the amount invested in municipal bonds, and let y be the amount invested in corporate bonds.
If Stephanie has $45,000 and she wants to invest part or all into a combination of municipal bonds and corporate bonds, the inequality for this statement would be
x + y ≤ 45000
She wants to invest no less than $20,000 into municipal bonds. It means that
x ≥ 20000
Also, she wants to invest at least four times as much into municipal bonds than into corporate bonds. This means that
x ≥ 4y
x/4 ≥ y
y ≤ x/4
The inequalities are
x + y ≤ 45000
x ≥ 20000
y ≤ x/4
The "rule of 72" says that the doubling time in years is approximately 72 divided by the interest rate in percent. To make the money grow by a factor of 4 requires that it double twice, so will take twice as long as the period to double once.
2×72/11.3 ≈ 12.7 . . . . years
_____
The "rule of 72" is an approximation. The actual quadrupling time for this interest rate and compounding is about 12.6 years. (The actual product of doubling time and nominal interest rate is about 71.25.)
Answer:
35 pounds of $8.00 tea and 15 pounds of $6.00 tea
Step-by-step explanation:
Let x represent the pounds of tea of the $8 kind. 8x would represent the total cost of that type of tea. We can also say 50 - x is the pounds of tea of the $6 kind, so 6(50 - x) is the total cost of that type of tea. 50 * 7.4 represents the total cost of all the tea, and the expression 8x + 6(50 -x) would also represent the same thing. We can write this as an equation,
8x + 6(50 -x) = 50 * 7.4
simplify,
8x + 300 - 6x = 370
2x + 300 = 370
and solve.
2x = 70
x = 35
This means there is 35 pounds of the $8 kind.
We can subtract that from 50 to find,
50 - 35 = 15,
15 pounds is the amount of the $6 kind.
When the demand and supply curve intersect, that is, where the quantity demanded and quantity supplied are equal, the market is said to be in equilibrium. Thus, the given quantity is equilibrium quantity.
From the graph, we see that when the production cost of wheat is $4, the equilibrium quantity is 600 units.
When the production cost lowers from $4 to $3, the supply of wheat increases, such that the equilibrium quantity increases from 600 units to 800 units.
Thus, after an increase in supply, the equilibrium quantity increases.
So, Option A is the correct answer.
